Our lawyers Chris Wilson and Sarah Yen recently advised Singapore-based fintech Bambu on its S$3 million series A round, which closed earlier this month. The round was led by Franklin Templeton Investments, a US global financial services businesses.
Bambu supplies its robo-advisory platform to financial services providers in Singapore, Hong Kong, Malaysia and the United Kingdom. The platform enables financial services providers to offer automated and/or robo-augmented investment services tailored to the needs of retail, private and high net worth customers.
The company plans to use the investment to expand into new markets and to fund further R&D. Founders Ned Phillips and Aki Ranin aim to guide Bambu to a million end users by the end of 2019.
It is always exciting to help startups secure funding from major international investors, and we are proud to have helped Bambu to close it’s series A round. We look forward to helping the company grow its business internationally in the coming months.